Tokenizer To Be Launched To Turn Real-World Assets Into Security Tokens
Tokenizer To Be Launched To Turn Real-World Assets Into Security Tokens
July 28, 2020
Tokenizer To Be Launched To Turn Real-World Assets Into Security Tokens
Tokenizer To Be Launched To Turn Real-World Assets Into Security Tokens
July 28, 2020

Tokenizer is a new self-service platform, to be launched on July 29, to turn real-world assets into security tokens within the hands of the everyman.

It has been reported that this will allow businesses and individuals to tokenize their assets with zero technical or coding skills, which can then be used for raising funds and traded on the Tokenizer exchange.

However, the tokenization of real-world assets has long been lauded as one of the killer applications of blockchain technology. Before now, this has usually required either a dedicated coding team or the services of a third-party to issue the tokens.

The report said that the Tokenizer platform gives access to tools enabling anyone to issue tokens representing their real-world assets.

The type of assets which can be tokenized is limitless, and cover physical assets such as real estate, artworks, and luxury items, traditional asset classes like stocks, bonds, and hedge funds, and less tangible things including intellectual property and identity.

ALSO READ :  Coin Center Appeals To The Community To Develop Tech-Based Responses To The COVID-19 Pandemic

Likewise, the goal of this is not to speculate on cryptocurrencies but to realize the value of existing assets, and simplify fundraising.

As per the report, Tokenizer opens up assets to a wider pool of global investors and provides an integrated exchange on which the tokens can be traded.

Manindra Majumdar, the CEO of Tokenizer, believes that it is the first end-to-end decentralized finance (DeFi) platform in the crypto space.

He said:

“The Tokenizer self-service issuance platform ensures that anybody can create their own security token without mastering a smart contract language. Instead of introducing cumbersome and complex multiple tools, we have kept the whole experience within our platform.”

Thus, Tokenization has the potential to make the financial industry more accessible and efficient, while unlocking trillions of dollars in currently illiquid assets.

Source: Cointelegraph | Image: VentureBeat


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Line Builds A Platform For Developing CBDCs

Line Builds A Platform For Developing CBDCs

Line, a Tokyo-based messaging giant, is building a platform for developing central bank digital currencies (CBDCs). It has been reported by the South Korean news agency the Chosun Ilbo that Line aims to support the...

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
Share This

Share This

Share this post with your friends!